Tidal Investments LLC Invests $2.01 Million in Veeco Instruments Inc. $VECO

Key Points

• Tidal Investments initiated a $2.01 million position in Veeco Instruments during the second quarter, purchasing 26,470 shares. Institutional investors collectively own 98.46% of the company.
• Veeco exceeded quarterly expectations, reporting $0.33 in adjusted EPS and $193.48 million in revenue, with revenue up 16.5% year over year. The company issued fiscal 2026 EPS guidance of $1.36–$1.61.
• Company insiders sold substantial shares under pre-arranged trading plans, including the CEO’s $10.84 million sale and the CFO’s $1.79 million sale. Analysts maintain a consensus “Hold” rating with an average price target of $49.33.

Tidal Investments LLC bought a new position in Veeco Instruments Inc. (NASDAQ:VECO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,470 shares of the semiconductor company's stock, valued at approximately $2,006,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tema ETFs LLC purchased a new stake in shares of Veeco Instruments during the 2nd quarter worth approximately $33,000. Allworth Financial LP purchased a new position in shares of Veeco Instruments in the second quarter valued at $39,000. Nykredit A S bought a new stake in Veeco Instruments in the second quarter worth $49,000. Quantbot Technologies LP bought a new stake in Veeco Instruments in the second quarter worth $69,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Veeco Instruments during the second quarter valued at $146,000. 98.46% of the stock is owned by institutional investors.

Insider Activity

In other Veeco Instruments news, CFO John P. Kiernan sold 35,000 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $51.05, for a total value of $1,786,750.00. Following the completion of the sale, the chief financial officer owned 68,802 shares of the company's stock, valued at $3,512,342.10. This trade represents a 33.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $54.18, for a total value of $10,836,000.00. Following the transaction, the chief executive officer owned 169,570 shares of the company's stock, valued at $9,187,302.60. This trade represents a 54.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.70% of the company's stock.

Veeco Instruments Stock Up 0.4%

Shares of VECO opened at $41.04 on Thursday. The company has a market cap of $2.51 billion, a PE ratio of 114.00 and a beta of 1.37. The business has a fifty day moving average of $49.16 and a 200 day moving average of $50.39. Veeco Instruments Inc. has a 52-week low of $26.00 and a 52-week high of $86.63. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business had revenue of $193.48 million for the quarter, compared to analysts' expectations of $180.08 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business's revenue was up 16.5% compared to the same quarter last year. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. On average, sell-side analysts expect that Veeco Instruments Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VECO. Wall Street Zen raised shares of Veeco Instruments from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 12th. Citigroup upped their target price on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Veeco Instruments from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Finally, Zacks Research lowered Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $49.33.

Veeco Instruments Company Profile

Veeco Instruments Inc develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic components. Its systems support processes such as thin-film deposition, etching, lithography-related applications, and thermal processing, helping manufacturers create and refine microscopic structures on wafers and other materials.

The company's product portfolio includes metal-organic chemical vapor deposition systems for compound semiconductors, ion beam etch and deposition equipment, laser annealing systems, and other wafer-processing technologies.

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